Cree, Inc.

Cree, Inc. (Cree) is one of the market-leading innovators of lighting class LEDs, LED lighting, and semiconductor solutions for wireless and power applications. It develops and manufactures semiconductor materials and devices principally based on silicon carbide (SiC), gallium nitride (GaN), and other related compounds. Cree`s product portfolio comprises LED chips, LED components and LED lighting solutions and SiC and GaN materials and products. In addition, Cree offers power and radio frequency (RF) products such as power switching and RF devices. The company also sponsors and participates in several initiatives to enable and further support the adoption of LED lighting. These include LED City, LED Workplace, and LED University programs. The principal manufacturing facilities of the company are located in Durham and Research Triangle Park, North Carolina (US), while its research and development (R&D) centers are located in California (US) and Hong Kong. The company is headquartered in Durham, North Carolina, US.The company reported revenue of (U.S. Dollars) USD 567.26 million during the fiscal year ended June 2009, an increase of 14.99% over 2008. The company recorded an operating profit of USD 30.59 million during the fiscal year 2009, an increase of 154.05% over 2008. The company posted a net profit of USD 30.33 million during the fiscal year 2009, a decrease of 9.31% over 2008.